VAT Treshold for reverse charge services

[Standby]

Hello,
I read HMRC notice about how to calculate turnover for VAT registration.
There is information that in calculation should include:

• services you received from businesses in other countries that you had to reverse charge

That is mean if I have sales for 50k and services from EU for 40k should I register for VAT ?

Thank you in advance !

 

[Bobbo]

Assuming:
1) those 50k of sales would be VATable supplies
2) the 40k of purchases from EU (or anywhere not in the UK) would be VATable supplies

Yes.